Insider Selling: NetGear, Inc. (NTGR) SVP Sells 7,760 Shares of Stock

NetGear, Inc. (NASDAQ:NTGR) SVP Andrew Wonki Kim sold 7,760 shares of the business’s stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $35.00, for a total value of $271,600.00. Following the transaction, the senior vice president now directly owns 54,136 shares of the company’s stock, valued at approximately $1,894,760. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Andrew Wonki Kim also recently made the following trade(s):

  • On Tuesday, February 19th, Andrew Wonki Kim sold 371 shares of NetGear stock. The stock was sold at an average price of $35.36, for a total value of $13,118.56.

NTGR stock traded down $5.39 during mid-day trading on Thursday, hitting $29.68. 1,759,317 shares of the company were exchanged, compared to its average volume of 429,251. The company has a market capitalization of $927.42 million, a PE ratio of 17.06 and a beta of 1.81. NetGear, Inc. has a 1-year low of $29.31 and a 1-year high of $78.30.

NetGear (NASDAQ:NTGR) last issued its quarterly earnings data on Wednesday, April 24th. The communications equipment provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.04). The company had revenue of $249.10 million for the quarter, compared to analyst estimates of $244.31 million. NetGear had a positive return on equity of 8.66% and a negative net margin of 0.19%. The company’s revenue was up 1.6% on a year-over-year basis. During the same quarter last year, the business earned $0.62 earnings per share. Research analysts forecast that NetGear, Inc. will post 2.49 earnings per share for the current fiscal year.

Several equities analysts recently weighed in on NTGR shares. BidaskClub raised NetGear from a “sell” rating to a “hold” rating in a research report on Tuesday, January 1st. ValuEngine cut NetGear from a “buy” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Zacks Investment Research upgraded NetGear from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Tuesday, April 16th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $64.40.

A number of hedge funds have recently modified their holdings of NTGR. Marshall Wace North America L.P. acquired a new stake in NetGear during the third quarter worth approximately $212,000. Pacer Advisors Inc. lifted its position in NetGear by 297.8% during the third quarter. Pacer Advisors Inc. now owns 6,734 shares of the communications equipment provider’s stock worth $423,000 after acquiring an additional 5,041 shares during the last quarter. BlueMountain Capital Management LLC lifted its position in NetGear by 20.3% during the third quarter. BlueMountain Capital Management LLC now owns 7,045 shares of the communications equipment provider’s stock worth $443,000 after acquiring an additional 1,188 shares during the last quarter. MetLife Investment Advisors LLC lifted its position in NetGear by 40.5% during the third quarter. MetLife Investment Advisors LLC now owns 21,029 shares of the communications equipment provider’s stock worth $1,322,000 after acquiring an additional 6,060 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in NetGear by 19.5% during the third quarter. AQR Capital Management LLC now owns 31,355 shares of the communications equipment provider’s stock worth $1,971,000 after acquiring an additional 5,109 shares during the last quarter. Hedge funds and other institutional investors own 99.99% of the company’s stock.

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About NetGear

NETGEAR, Inc designs, develops, and markets networking and Internet connected products for consumers, businesses, and service providers. It operates in two segments, Connected Home, and Small and Medium Business. The company offers smart home/connected home/broadband access products, such as broadband modems, WiFi gateways, WiFi hotspots, WiFi routers and home WiFi systems, WiFi range extenders, Powerline adapters and bridges, WiFi network adapters, and digital canvasses; and value added service offerings, including technical support, parental controls, and cybersecurity protection.

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Insider Buying and Selling by Quarter for NetGear (NASDAQ:NTGR)

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